360° Coverage : Australia calls for boosting uranium industry

Australia calls for boosting uranium industry

Canberra, June 11 (IANS) Australian Minister for Resources and Energy Gary Gray Tuesday called on the uranium industry to work with all parliaments to help meet rapidly growing global demand.

Jun 11 2013, 5:12am CDT | by

Australia calls for boosting uranium industry
Photo Credit: NICHOLAS KAMM, Getty Images

Canberra, June 11 — Australian Minister for Resources and Energy Gary Gray Tuesday called on the uranium industry to work with all parliaments to help meet rapidly growing global demand.

A news release by the minister's office said Gray told the Australian Institute of Mining and Metallurgy's international conference in Darwin that Australia needed new mines, reports Xinhua.

"We need industry to commit to further development of new projects to ensure that our uranium production meets global demand, particularly as demand for uranium is likely to surpass current supply," Gray said.

"Uranium exploration and mining have particular characteristics that make its exploitation complex.

"Parliament and industry must work together to ensure that mining, processing, commercial and regulatory actions represent best practice and encourage the growth of the uranium industry."

Australia holds 40 percent of the world's known uranium reserves and the country's uranium industry plays an important part in the global electricity market.

The Australian government has agreed to lift the ban of exporting uranium to India, but a final deal to export Australian uranium to New Delhi could be years away.

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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